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A P2P bandwidth sharing applcation will pretty much be a proxy. Proxies work like this, so would a p2p bw sharing app:
Request -> Proxy Host (p2p bw server) -> Requested Material
If the proxy was on a T3, and the server with the material being requested was on a T3, yet your friend in the phillipines was on 56k, it'd still work at 56k like this:
Requested Material --T3 Speeds--> Proxy --56k download (speed depending on load)--> User.
The only way you'd gain speed is if the server generating the request had a bigger load than the proxy, but still then, going through 2 hoops instead of 1, can slow down bigger files.
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